Net company growth on the rise in Hereford reports Duport

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The third quarter of 2012 saw a rise in net company growth in Hereford, according to the latest Duport Business Confidence Report for the city.

Hereford Cathedral

The rise in net company growth during the third quarter of 2012 bodes well for the year ahead

During the third quarter of last year, there was a rise in net company growth in Hereford.

Between July and September, the company register increased by 45, compared to 37 during the same period in 2011. New company formation numbers actually fell during the third quarter, but a sharp decline in company closures led to an overall net company growth for the period.

Hereford is undergoing a period of regeneration, and last year the council granted £90 million to redevelop the old livestock market. On completion of the project the area will contain new shops, leisure facilities and restaurants. The scheme will create over 1000 jobs and it is hoped will enliven the night-time economy of the city.

Managing Director of Duport(dot)co(dot)uk, Peter Valaitis said:

“The rise in net company growth during the third quarter of 2012 bodes well for the year ahead. And with the redevelopment of the livestock market underway, the city is fast becoming more attractive to visitors and new businesses alike.”

The Duport Business Confidence Report for Hereford contains a wealth of data that provides a snapshot of trading conditions in the city. More information and statistics can be found at http://www.duport.co.uk/hereford.

Duport Business Confidence Reports are generated and released by Duport Associates Ltd. The data contained in these reports is assimilated and analysed by Duport using public record data from sources including Companies House, Office for National Statistics and Ordnance Survey. Duport Associates Ltd is a leading UK company formation agent, established in 1997 and registering around 10,000 new companies each year through its Companies House approved software.

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Tom Valaitis